Taylor Wessing advises Spark Ventures and Beringea on $8m investment in isango!
Taylor Wessing has advised Spark Ventures and Beringea on their respective investments in isango!, an Internet-based leading provider of travel experiences.
Spark Ventures, known for previous successful investments in LastMinute.com and PriceRunner, led in what was isango's first institutional funding round, contributing $4 million. Beringea, an international private equity and investment banking firm and manager of the ProVen VCTs invested a further $2.5 million. The remaining $1.5 million of the total $8 million investment came from existing shareholders.
Isango!, launched in 2006, focuses on providing both consumers and travel professionals with the most authoritative online resource for planning and booking unique travel experiences and activities. The company will use the investment to fund its next stage of growth, which will include the development of additional products and services.
The Taylor Wessing team who advised Spark Ventures and Beringea comprised Simon Walker, Peter Jackson and Adrian Rainey.
Notes to editors
For more information please contact Claire Treacy at Taylor Wessing:
Tel: +44 (0)20 7300 4925
Email: c.treacy@taylorwessing.com
Taylor Wessing LLP is a leading law firm providing legal support for commercial organisations doing business in Europe, the Middle East and China. Based in Belgium, Dubai, France, Germany and the UK, Taylor Wessing provides the full range of legal services to major corporations and growing enterprises. Taylor Wessing boasts a strong reputation in the corporate, finance and real estate sectors alongside in-depth experience across the full range of legal services including intellectual property and technology, tax, litigation & dispute resolution, employment & pensions and private client.
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